Sports Minister Vijay Goel wants transparency in all federations

first_imgUnion Minister for Sports Vijay Goel says he wants “transparency in sports” and it is for the Indian cricket board (BCCI) to decide the future course of action as far as implementing Lodha Commitee’s recommended reforms is concerned. (We respect Supreme Court’s verdict, says Rajeev Shukla) The Supreme Court on Monday accepted most of the Lodha Panel recommendations. Speaking to AAJ TAK after the verdict, Goel said that while BCCI has to decide on how the implementation has to be done, he expects transparency from all the federations in the country. (Supreme Court gives BCCI 6 months to implement Lodha reforms) “I have always believed that there should be transparency in sports. They should be absolutely clean and there should be good coordination between the sports federations and my Ministry. Without seeing all the aspects, I don’t want to comment right now on whether BCCI’s functioning should be brought under RTI or if betting should be made legal. However, we are working on the Sports Bill and I feel thatit will cover many issues and make things a lot clear,” said Goel. (Srinivasan, Pawar too old for BCCI roles, Thakur to lose HPCA post)MAIN FOCUS ON RIO OLYMPICS Having taken over the Ministry from Sarbananda Sonowal recently, Goel’s immediate focus is on the Rio Olympics next month. He has plans to go to Brazil but before catching the flight wants to make sure that the fever catches on in the country like never before. “It’s not going to be the same anymore. My ministry plans to install huge screens in various cities all over the country so that people can watch matches live and cheer for our athletes. We also have a plan to organise a run ‘Run for Rio’ before the Olympics. There is a long term plan to have fan parks for big events like Olympics and FIFA World Cup. We want to promote sports like kabaddi, football, kho-kho in our country. Prime Minister Narendra Modi is laying special emphasis on promoting sports in the country,” said Goel who’ll also be travelling to Brazil next month for the Summer Games. “Around 81 sportspersons in 10 disciplines went to London 2012. This time more than 122 have already qualified for Rio. We are giving all the facilities to them be it Indian or foreign coaches, foreign training or anything else. We are giving them whatever they’ve asked for. The entire nation is wishing that our contingent comes back home with a record haul of medals this time. Athletes, coaches, federations, our Olympic association and Sports Ministry have all combined well to make this possible,” he added.advertisementlast_img read more

Is Spanish clubs’ golden era in Europe coming to an end?

first_imgSpanish teams have ruled with an iron fist in Europe for the last few years but a disappointing round of results in the Champions League has left the media wondering if this dominant era might be grinding to a halt.Spain has provided the winner of the Champions League each year since 2014 and six of the eight finalists in that time, while four of the last five winners of the Europa League have also been from La Liga.Of the four Spanish sides competing in Europe’s elite competition, only Sevilla managed to pick up a win this week. Atletico Madrid’s draw with Azeri minnows Qarabag has left them facing an almost certain exit from the tournament, which they came so close to winning in 2014 and 2016.Double Champions League holders Real Madrid suffered their first group stage defeat in five years after being humbled 3-1 by Tottenham Hotspur on Wednesday, while Liga leaders Barcelona were unable on Tuesday to beat an Olympiakos side that are floundering domestically.Barcelona are still unbeaten and are on track to win their Champions League group while Madrid only need a point to qualify for the last-16 although are likely to finish second to Tottenham, meaning they will be unseeded in the next round.Sevilla’s fate is in their own hands after a vital victory over Spartak Moscow, which came two weeks after a shock 5-1 thrashing in the Russian capital which had left coach Eduardo Berizzo with little move to manoeuvre.”It’s not got serious yet, but all of a sudden Spanish teams no longer rule in Europe”, said an editorial in newspaper AS.advertisement”The situation is not a cause for concern at the moment but it is strange to see Spanish teams having this blip after dominating so much in Europe,” Miguel Angel Roman, a commentator for broadcaster BeIn Sports, told Reuters.”I think this is a one-off and we don’t yet have the symptoms to declare this a general problem with Spanish football.”Last season Real Madrid became the first team to successfully defend the competition since it was changed to the Champions League in 1992, swatting Juventus aside to win the final 4-1, but were outplayed by Tottenham days after losing to La Liga debutants Girona.FUNDAMENTAL PROBLEM”Real Madrid are paying for their preparations at the start of the season,” explained Roman.”They focused on the Super Cup games against Barcelona and Manchester United which they won very convincingly but that has caught up with them.”With Atletico we are seeing symptoms of burnout after years under Diego Simeone. They also have a fundamental problem as they couldn’t strengthen their squad due to their transfer ban.”While Spanish sides might be underperforming in the Champions League, English sides are experiencing a renaissance after years of underwhelming displays.Manchester United, Liverpool, Manchester City and Tottenham all top their respective groups after earning wins this week, with the latter two sealing their spot in the last-16, while Chelsea are also in a strong position to qualify despite losing 3-0 to AS Roma on Tuesday.”Several factors have all combined to put English teams at the level they should have been years ago,” added Roman.”We are talking about five teams with extraordinary finiancial potential and an ability to sign the best players around and these teams all have great, innovative coaches.”But in spite of the delicate situation this week for Spanish sides, I would still count Barca and Madrid as favourites to win the tournament come the end of the season.”last_img read more

OW Bunker Investors Sue Morgan Stanley and Carnegie

first_imgzoom A consortium of 24 Danish institutional investors is launching legal action against the issuing banks Morgan Stanley and Carnegie in the action for prospectus liability for OW Bunker that went bankrupt in 2014.Specifically, the investors claim that they suffered a loss of DKK 767 million (USD 123 million) following their investment in shares in OW Bunker on the basis of the prospectus which was deemed “insufficient in material aspects.”“The consortium has decided to extend the group of defendants to include the issuing banks Morgan Stanley and Carnegie. This decision is based on new information in extensive exhibits from the bankruptcy estate, which we were given access to only this spring. We believe that the banks knew about OW Bunker’s speculative activities and that the banks contributed to misleading investors. Against this background, we believe that they may be liable to pay damages,” Tomas Krüger Andersen, Head of Legal, Investments, ATP said.The company filed for bankruptcy only six months after its IPO.In December 2014, a number of Danish institutional investors, including ATP, PensionDanmark and Danske Invest, among numerous others, launched an investigation into OW Bunker’s bankruptcy with the purpose of determining whether there was a basis for claiming legal liability.“The investigation focused on errors and deficiencies in the prospectus prepared in connection with the IPO of OW Bunker, liability in connection with the offer and sale of shares in OW Bunker as well as management liability in connection with the operation of OW Bunker,” ATP noted.Based on the conclusions of the investigation, in early April 2016, the Danish institutional investors brought legal proceedings with a view to obtaining compensation and determining responsibility. The action is pending before the Danish Eastern High Court.The latest legal dispute is just part of the legal saga OW Bunker got entangled in since going under.In July 2017, a former director of a Singapore subsidiary of the bankrupt fuel supplier was charged by Danish prosecution office for a breach of trust worth over DKK 800 million (USD 122 million).The prosecution office initiated an extensive investigation into the circumstance surrounding the demise of the OW Bunker Group in November 2014.The investigation found that there were grounds for initiating criminal proceedings against the former director of a Singaporean subsidiary of OW Bunker Group, along with the management representatives from the Danish parent company OW Bunker A/S.To remind, the company’s financial demise was prompted by an alleged fraud committed by senior employees in its Singapore-based subsidiary Dynamic Oil Trading (DOT).last_img read more

Marketing Solutions Provider Madison Logic Buys B2B Ad Platform BBN

first_img The transaction gives Madison Logic, known for its demand generation and data services, the ability to offer “top of funnel,” or display, advertising options for B2B marketers. And by acquiring BBN, Madison Logic doesn’t just add to its service offerings. The company now has direct access to 1,600 publisher brands to pitch its lead-gen services to. On top of that, the deal brings the company closer to agencies and trading desks doing programmatic buys with BBN. “Everyone is getting into everyone else’s business,” says Madison Logic CEO Tom O’Regan. “And even though they all need to generate sales, what’s still important is repositioning, generating awareness and differentiating their products.” In a gap-closing deal, marketing solutions firm Madison Logic has acquired B2B media advertising platform BBN. “Of course, we’ll work with brands and agencies directly, but we did see an opportunity to work with larger trading desks that are working with BBN,” O’Regan says. “The revenue is not just from direct sources, but from programmatic and trading desk relationships.” In other words, as important as audience segmentation and lead-gen has become, marketers still need to make buyers aware of their products in the first place. “The same customers who were using us for demand generation were not using us for top-of-the-funnel awareness,” adds O’Regan.center_img O’Regan declined to offer sale terms, but says the deal is projected to almost double the company’s revenue in 2015. Marrying data to lead nurturing and generation, along with branding opportunities, is a valuable position to be in. LinkedIn bought marketing technology and lead-gen platform Bizo for $175 million in July 2014. That deal lets LinkedIn more closely target and measure B2B marketing campaigns across its network. Ironically, all four of those companies have since divested their B2B media assets, but the ad network has since grown to include a who’s who of 1,600 publisher brand URLs reaching a global audience of 120 million, says O’Regan. Cue BBN, a digital ad platform launched in 2008 with just four publishers: Cygnus Business Media, Nielsen Business Media, Reed Business Information and McGraw-Hill.last_img read more

Google It Anatomy of a Tech Giant Infographic

first_img Register Now » 1 min read Google has become so ingrained in our lives that it’s changed the lexicon of our daily communications. Can you remember a time that you didn’t think to yourself “I’ll just Google it”? As the tech behemoth marks its 16th anniversary, we take a look back at some of its milestones and accomplishments.From the launch of Google Adwords in 2000 to the introduction of Gmail in 2006, and the first Android phone in 2008, this infographic from Wishpond, a maker of social-media marketing applications, maps the progress of the tech company.For more stats on Google, check out the infographic below.Click to Enlarge+ Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals September 15, 2013 Opinions expressed by Entrepreneur contributors are their own.last_img read more

Elon Musks Neuralink Hopes to Put Sensors in Human Brains Next Year

first_imgJuly 17, 2019 While we waited for Neuralink to present the progress it’s made over the last couple of years in brain-computer interface technology, the New York Times and Bloomberg published information from an early briefing and it’s stuff that’s straight out of science fiction. The Elon Musk-backed company claims its “sewing machine-like” robot will be able to implant threads deep into a human brain.The results so far come from testing on lab rats implanted with as many as 1,500 electrodes, which, everyone should be warned, may or may not transfer smoothly to work on humans. If it does work, Neuralink says its intention for the technology at first is to do things like help amputees, or restore the ability to see, talk and listen. Of course, as Elon has said previously, he believes that connecting our brains to computers will eventually be the only way to keep up with the progression of artificial intelligence, so while things may start here the plan is for something much more powerful.One big reveal is that it “hopes” to begin working on human subjects as soon as the second quarter of next year. In the picture above, that was shown during the presentation, that small protrusion at the bottom right with the arrow pointing to it, is the size of the thread that it actually hopes to implant.According to the article, its bundles of flexible threads are about one quarter the diameter of a human hair, implanted using needles to avoid blood vessels on the brain’s surface. Then the embedded sensors capture information and send it to a receiver (the chip above) on the surface of the skull. From there it transmits wirelessly — Elon Musk said it could Bluetooth the information to your skull. Right now implantation requires drilling holes, but researchers hope in the future they can use lasers to avoid “unpleasant” vibration.The pod itself is worn behind the ear, with the wireless, battery and other hardware in there.Whether or not this can work in humans is, again, still unproven, and also whether or not the wires can hold up over time. Whenever tonight’s event at the California Academy of Sciences actually begins, hopefully we’ll find out a few more answers. You can watch the livestream embedded below.According to Musk, its current v1 4x4mm chip is capable of 10,000 electrodes with “read and write” capability, which he says is more than 1,000 times the number of the best deep brain interface currently available for Parkinson’s treatment.Neuralink president Max Hodak went on to explain why it’s embedding sensors directly into the brain, near but not in neurons. Simply, it’s the only way to send and receive the information necessary, from “spikes” of activity. A neurosurgeon is also part of the presentation, showing off some videos of the implantation technology, and how its robot can install thousands of wires directly into the brain while avoiding tissue damage and bleeding. Eventually, they’d like to do it without shaving the patient’s head, although he acknowledged that the first operations will be more like current deep brain implants.Further presentations explained even more about how all the technology works, and a paper will be released shortly with more data on what they’ve achieved so far. One note Musk revealed during a Q&A session is that “a monkey has been able to control the computer with its brain,” in response to a query about animal testing and the results so far. Less surprising is his assertion that two people with the implants could use them to communicate “telepathically” — once the technology is working two-ways in the brain that’s about what we’d expect. Growing a business sometimes requires thinking outside the box. 4 min read Register Now » This story originally appeared on Engadget Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Globallast_img read more